Cheap Auto Insurance in Louisville, KY
Where can you find cheap auto insurance in Louisville, KY? The minimum liability auto insurance coverage requirement in Kentucky is 25/50/10. You can get auto insurance as low as $45 per month from Kentucky Farm Bureau. State Farm, State Auto, Nationwide, and Liberty Mutual are other affordable auto insurance companies in Louisville, KY.
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Written by
Chris Tepedino
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Reviewed by
Rachael Brennan
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UPDATED: Jul 19, 2021
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- The minimum liability auto insurance coverage requirement in Kentucky is 25/50/10.
- You can get auto insurance as low as $45 per month from Kentucky Farm Bureau.
- State Farm, State Auto, Nationwide, and Liberty Mutual are other affordable auto insurance companies in Louisville, KY.
If you are wondering, “Why is Kentucky auto insurance so expensive?”, please read the following guide to find cheap auto insurance in Louisville, KY.
We will discuss the many factors that determine auto insurance rates. We even provide some rates from auto insurance companies in Louisville, KY.
Get free auto insurance quotes from top providers in Louisville, KY today by entering your ZIP code into the quote box.
Table of Contents
What are the auto insurance coverage requirements in Kentucky?
When looking for affordable insurance in Louisville, KY, it’s important to know the Kentucky driving requirements set by the Kentucky Department of Insurance. Driving legally in Louisville has these minimum auto insurance requirements:
| Coverage | Requirements | Most Common |
| Bodily Injury Liability | 25,000/50,000 | 100,000/300,000 |
| Property Damage Liability | 10,000 | 50,000 |
| Uninsured Motorist Bodily Injury | Not required | 100,000/300,000 |
| Medical Payments | Not required | 100,000 |
| Collision | Not required | 500 deductible |
| Comprehensive | Not required | 500 deductible |
This video from Allstate details what liability insurance covers.
https://youtu.be/UEPoxNOcQQo
Only having liability coverage may be adequate for a much older car, or a vehicle you aren’t currently financing that can be replaced easily and cheaply. For most drivers, this isn’t the case.
How much are you paying each month on your insurance premiums? If your answer is somewhere close to $125 per month, then you’re right on par with most Kentucky auto insurance costs.
As for average auto insurance rates in Louisville, KY, however, you can get rates as low as $64/mo* or less – and we’re ready to show you how.
Compare auto insurance companies in Louisville, KY with our tool, then read about the most affordable Louisville, KY auto insurance in the section below.
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How do I find the cheapest auto insurance in Louisville, KY?
When looking for the absolute cheapest auto insurance in Louisville, it’s important to know there are many factors can determine your monthly premium rate. Average premium rates from Louisville auto insurance companies can be seen in the chart below.
There are a variety of companies offering competitive rates, such as Safe Auto Louisville, KY, State Farm Louisville, KY, Affordable Auto Insurance in Louisville, KY in addition to other Louisville, KY local auto insurance like Old KY Insurance in Louisville, KY.
If getting the absolute lowest rate is important to you, then you should give State Auto, State Farm, or the Kentucky Farm Bureau a call.
But make sure you keep other factors in mind, like customer service or their claims process. A low monthly premium could be too good to be true if that’s the only good thing your provider has to offer.
Auto insurance companies contemplate different variables when determining Louisville, KY auto insurance quotes, including driving experience, accident claims, occupation, driving distance to work, and multiple cars and drivers. Additionally, premiums vary among Louisville, Kentucky auto insurance companies.
To find out whether you’re still getting the most favorable rate, compare the cheapest auto insurance in Louisville, KY online. Cheap car insurance in KY can easily be found!
What factors affect auto insurance rates in Louisville, Kentucky?
There is a wide array of various things which could factor into the rate quotes you receive when looking for auto insurance in Louisville, KY.
Even though many of these things aren’t really anything you can do something about, a few of them are factors you can change for the better. Here are a few elements which might affect your affordable auto insurance in Louisville, KY.
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How does where I live affect my auto insurance rates?
Where you park your car each night will have a major impact on your auto insurance rate. Generally, auto insurance is cheaper in rural areas because fewer cars mean a smaller chance that you will get into a collision with another vehicle.
According to City-Data, the population of Louisville is 262,764 and the median household income is $34,714, so insurance in Louisville, KY is usually cheaper than insurance in larger cities.
As you can see, rates for auto insurance in Louisville, KY can differ based on your ZIP code.
Why is the car accident fatality rate so high in Louisville, Kentucky?
There are more than a quarter of a million people living in Louisville, Kentucky. This explains in part why accident statistics are so high for the area, but it isn’t the only contributing factor.
Unfortunately, these high numbers might be contributing to higher monthly premiums for you. Talk to your insurance agent about Safe Driver discounts, and ask if and how you can qualify for one.
How many cars are stolen in Louisville, Kentucky?
Even in small cities or rural towns, auto theft can still be a problem. To make it less of a problem for you, think about installing a passive anti-theft system on your car.
The Louisville, KY auto insurance agents may reward you with lower rates! In Louisville, there were 2,173 auto thefts as recently as 2002.
If these high rates of auto theft make you uncomfortable, consider adding Comprehensive coverage to your affordable Louisville, KY auto insurance policy. It’s pricey, but it just might save you from having to buy a new car.
Your insurance company can provide additional information and comprehensive insurance quotes for KY drivers.
How does my credit history affect my auto insurance rates in Louisville, Kentucky?
Drivers with good credit get great premiums, as the chart below shows. For those with poor credit, however, monthly premiums can get very expensive. If you have bad credit, start tracking your score and taking steps to improve it if you want to lower your monthly insurance bill.
How does my age affect my auto insurance rates in Louisville, Kentucky?
If you are a teenage driver or the parent of one, then the chart below will be especially painful for you to look at. Younger drivers are charged wildly higher Louisville, KY auto insurance rates because their lack of driving experience puts them at a higher risk for an accident. Luckily, there are Good Student and Driver’s Ed insurance discounts available to help offset this cost.
Easily compare auto insurance quotes in Louisville, KY by using our comparison tool. Our tool easily compares rates from the best Louisville insurance companies.
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How does my driving record affect my auto insurance rates in Louisville, Kentucky?
Have you heard of “accident forgiveness”? It’s a new type of discount which insurance companies are offering to drivers with a minor blemish or two on their driving record. Serious citations, however, will still get you higher monthly premiums – or automatically terminate your coverage at some Louisville, KY auto insurance companies.
How does my vehicle affect my auto insurance rates in Louisville, Kentucky?
Luxury vehicles are more expensive to insure because they require a luxury insurance policy, plain and simple. You could actually insure an expensive, shiny, luxury vehicle for quite cheaply if all you bought were low amounts of Liability coverage.
But if anything else happened you your vehicle, you would be 100 percent financially responsible for replacing it.
Cheap cars in Louisville, Kentucky will usually come with cheap insurance in Kentucky.
How does my marital status affect my auto insurance rates in Louisville, Kentucky?
Married couples have an advantage over singles in that they can bundle their policies together (with the same insurance company, that is). And if you have other insurance policies, like on your home or a boat, you can bundle those too for more discounts.
How does my gender affect my auto insurance rates in Louisville, Kentucky?
Insurance companies aren’t interested in stereotypes. They want cold, hard data. And their data shows that there’s no good reason to charge men and women different monthly premiums based on gender alone. That’s why many companies are moving away from such a practice.
How does my commute affect my auto insurance rates in Louisville, Kentucky?
In Louisville, the typical drive to or from work can take anywhere from 15-20 minutes. Just under three-fourths of all drivers take their own vehicle when traveling to their place of employment.
About 4-16 percent prefer to carpool with their co-workers, but in some areas that carpool average can get as high as 21 percent.
An example of how your commute can affect your rates can be seen in the chart below.
Average Annual Auto Insurance Rates by Commute Length
| Company | 10 miles commute/ 6,000 annual mileage | 25 miles commute/ 12,000 annual mileage |
|---|---|---|
| Allstate | $7,227.85 | $7,653.06 |
| Geico | $3,765.00 | $3,802.25 |
| Liberty Mutual | $5,193.97 | $5,542.32 |
| Nationwide | $4,339.60 | $4,339.60 |
| Progressive | $5,583.30 | $5,583.30 |
| State Farm | $3,278.22 | $3,517.12 |
| USAA | $2,818.01 | $2,882.80 |
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As you can see, some companies have a bigger difference in rates by commute rate than others.
Even if you try to save money on insurance premiums by slashing your mileage by thousands each year, at best you’ll save 1-3 percent, on average. Driving recreationally, however, has some savings advantages. This is because business vehicles cost 11-12 percent more in premiums each month.
How does my coverage level and deductible affect my auto insurance rates in Louisville, Kentucky?
Deductibles, which are the minor fee you have to pay for your insurer to fulfill a claim on certain types of coverage, greatly influence your monthly premium. Low deductibles will raise your rates, while high deductibles will lower your monthly payment.
Our Auto Insurance Analysis
We calculated our average rate based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home.
Miles driven annually were based on the national average.
The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.
Ready to buy Louisville, KY auto insurance? Get the cheapest Louisville, KY auto insurance rates by entering your ZIP code below.